BOJ Seen as Increasingly Likely to Raise Policy Rate This Month

BOJ Seen as Increasingly Likely to Raise Policy Rate This Month
Tokyo, Dec. 5 (Jiji Press)--The Bank of Japan is seen as increasingly likely to raise its policy interest rate from the current 0.50 pct to 0.75 pct at its Dec. 18-19 policy-setting meeting, as pressure from the administration of Prime Minister Sanae Takaichi is receding. The Takaichi administration has indicated that it would tolerate a BOJ rate hike, given the risk that the central bank d...